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New Zealand's Finance Minister Nicola Willis announced a significant cut to the central bank's operating budget, reducing it by roughly 25% to NZ$150 million annually for the next five years. This decision comes as the government aims to improve cost efficiency and return to a surplus, despite the Reserve Bank's increased responsibilities and staff growth in recent years.
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Market expert Sunil Subramaniam advises a staggered investment approach over six months due to prevailing uncertainty, highlighting potential volatility and positive moves post-BTA signing. He emphasizes diversifying across sectors, anticipating benefits from positive domestic factors like tax giveaways, supportive RBI policies, and favorable monsoon forecasts. Subramaniam suggests focusing on consumer discretionary over FMCG for volume growth.
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In the Nifty200 pack, nine stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on April 15, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
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